Tender: Financial Reporting Council (FRC) – Literature Review on Shift from Publicly-Listed to Privately-Held UK Companies

About

The Financial Reporting Council (FRC) is seeking a supplier to deliver a literature review on the balance between publicly-listed and privately-held companies in the UK, assessing the scale, trajectory and international context of recent shifts and the potential implications for regulation and policy. The review should cover peer-reviewed academic work and rigorous grey literature across relevant disciplines (including law, economics, political economy, business and public administration), explain leading analyses of evidence (scale, trajectory, likely future developments, causes/drivers and firms’ funding choices), and consider any information on impacts for audit, corporate reporting and related policy implications. The markets in scope include the London Stock Exchange Main Market, the LSE Alternative Investment Market (AIM), relevant Aquis exchange markets and UK private-equity, venture capital and private-credit markets, and the methodology should draw on systematic searches of academic and policy databases and thematic synthesis written for non-academic readers.